The past year, especially, has taken a toll on retirement confidence.

According to a retirement readiness index from Ameriprise Financial, three-quarters of Americans say they've taken steps prepare financially for retirement. But only 18 percent believe they'll achieve their dreams in retirement, a dip from 21 percent who believed this in 2010.

"A bit of pessimism is understandable considering that the financial markets have been highly volatile, unemployment remains high and many have seen the value of their homes continue to decline," said Suzanna de Baca, vice president of wealth strategies at Ameriprise Financial.

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